Mangazeya Mining Ltd Announces Changes in its Board

TORONTO, ONTARIO, February 1, 2017 — Mangazeya Mining Ltd (“Mangazeya” or the “Company”) (MGZ.H) is announcing the changes in the Board of Directors, and the Audit Committee of the Board.
The Company is happy to announce the appointment of Mr Pierre Legare as an independent non-executive Director of the Board and the member of the Audit Committee of the Board, effective as of January 31, 2017.

Mr. Pierre Légaré has over 30 years of experience in project development, including over 20 years in increasingly senior roles at SNC-Lavalin Inc. culminating in his role as Vice President, Projects, Mining and Metallurgy from 2011 to 2013. Since 2013, he has continued to provide project management services to mining and other large scale construction projects through his services company, LQ Consulting and Management Inc. Within his extensive experience, he has managed and directed large scale capital projects in excess of $4 billion total installed cost within the mining industry, including the Mina de Cobre Panama Project for Inmet Mining and the Amabotvy Nickel Project for Sherritt International / Sumitomo Corp. / Korea Resources Corp. Most recently, Mr. Légaré has been appointed as Project Director for New Gold’s Rainy River Project located in northwestern Ontario, Canada.

Mr Igor Omelchenko resigned from the Board in order to focus on his own endeavors.

The Company thanks Igor Omelchenko for his service as the Director of the Board and member of Audit Committee and wishes him the best in his future endeavors.

About Mangazeya

Mangazeya Mining Ltd is a NEX-isted mining and exploration company, focused on the development of mineral resources in the Russian Federation.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.